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Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.

RNC Minerals (RNX-T) announced an $18-million bought-deal financing. It has an agreement with a syndicate of underwriters to purchase 45 million common shares at 40 cents each. The stock closed at 43 cents on Monday.

The net proceeds will be used for the "continued ramp-up of production at Beta Hunt and integration with the Higginsville Gold Operations, and for working capital and general corporate purposes," the company stated.

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Triumph Gold Corp. (TIG-X) announced an agreement that sees Rio Tinto Exploration Canada Inc. (RTEC) obtain a 100-per-cent interest in its Andalusite Peak property in northwest B.C. Under the terms of the option agreement, RTEC will pay Triumph Gold $3-million over a five-year option period and reserve for Triumph Gold a 1 per cent net smelter returns royalty, which is capped at $50-million.

“We are very pleased to have Rio Tinto’s considerable technical expertise and proprietary exploration techniques directed towards advancing the Andalusite Peak Property, while allowing Triumph Gold to focus financial and technical resources on our flagship property, the 100-per-cent owned, road accessible, Freegold Mountain Property, in the Yukon Territory," stated Paul Reynolds, CEO of Triumph Gold.

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Whitecap Resources Inc. (WCP-T) announced that it will “exercise a more cautious approach for the balance of 2019” by reducing its second-half capital expenditures program by 17 per cent to $250-million from $300-million. The company said the move will “provide greater optionality and improve near term free funds flow.”

Its full-year 2019 capital expenditure program is now expected to be $400-million, or $50-million lower than its previous guidance of $450-million. The company said its 2019 average production guidance of 70,000 to 72,000 barrels of oil equivalent per day remains unchanged despite the reduction in capital expenditures.

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Plaza Retail REIT (PLZ-UN-T) announced the appointment of long-time executive Jim Drake and its chief financial officer, effective Sept. 13.

Mr. Drake has more than 17 years of financial management experience at Plaza, most recently in his role as vice-president of finance, the REIT said. His appointment coincides with the retirement of Floriana Cipollone, who has served as CFO since 2010.

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iAnthus Capital Holdings, Inc. (IAN-CN) reported revenue of US$19.2-million up from US$256,000 a year ago. Its net loss was US$9.3-million or 6 cents US per share versus a loss of US$35.4-million or 61 cents US a year ago. Analysts were expecting a loss of 7 cents US and revenue of US$20.5-million.

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Canopy Rivers Inc. (RIV-X) reported a loss of $3-million or 2 cents per share in its fiscal first quarter ended June 30 versus a loss of $6.6-million or 5 cents a year ago. Operating income was $2.7-million up from $744,000 a year ago. Net operating income was a loss of $3.1-million versus a loss of $6.6-million a year ago. Its total comprehensive loss of $8.7-million versus a total comprehensive loss of $9-million a year ago.

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Vapen MJ Ventures Corp. (VAPN-CN) announced that it has been granted patent #10,231,948 for its metered-dose inhaler from the United States Patent and Trademark Office.

"The patent covers the company's THC and CBD inhaler device which uses a propellant to atomize the THC or CBD oil so it can be deposited in the lungs, without heat," the company stated.

“We are very satisfied with the scope of this patent covering the device, the delivered content, and the use of a propellant, all key elements that enable this safe and convenient inhaler to give customers simply the best way to get a precise and measured dose,” Thai Nguyen, founder and CEO of Vapen MJ Ventures stated in a release. “This broad utility patent brings tremendous value to our Company and our brand, as well as new opportunities to drive sales, expand our market presence, and increase shareholder value.”

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